Energy Options
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WTI Options Liquidity During Non-U.S. Hours
- Over 80% of WTI Options (LO) have traded electronically for almost 3 years straight
- LO volume continues to be driven by spread trading—a record 59% of LO volume was executed via spreads in March 2020
- A record 21% of WTI Options are being traded overnight YTD in 2020 with ETH ADV at 31k
- LO ADV traded during London Morning Hours is at 21k YTD, with a record 14% of total ADV executed during this time frame each day
| Clearing | CME Globex | Floor | CME ClearPort | Product Name | Subgroup | Exchange | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|
| LO | LO | - | LO | Crude Oil Option | Crude Oil | NYMEX | 122,254 | 1,461,352 |
| LN | LNE | - | LN | Natural Gas Option (European) | Natural Gas | NYMEX | 88,134 | 2,608,765 |
| TFO | TFO | - | TFO | Dutch TTF Natural Gas Futures-Style Margined Calendar Month Option | Natural Gas | NYMEX | 7,200 | 67,240 |
| WA | WAY | - | WA | WTI Crude Oil 1 Month Calendar Spread Option | Crude Oil | NYMEX | 6,950 | 464,000 |
| 7A | B7A | - | 7A | Light Sweet Crude Oil (WTI) Financial 1 Month Spread Option | Crude Oil | NYMEX | 3,200 | 190,375 |
| BE | BE | - | BE | Brent Last Day Financial (European) Option | Crude Oil | NYMEX | 3,000 | 111,706 |
| ON | ON | - | ON | Natural Gas Option (American) | Natural Gas | NYMEX | 2,519 | 62,298 |
| G4 | G4X | - | G4 | Natural Gas (Henry Hub) Last-day Financial 1 Month Spread Option | Natural Gas | NYMEX | 2,450 | 60,475 |
| LO4 | LO4 | - | LO4 | Crude Oil Weekly Options - Week 4 | Crude Oil | NYMEX | 2,332 | 0 |
| LO5 | LO5 | - | LO5 | Crude Oil Weekly Options - Week 5 | Crude Oil | NYMEX | 2,330 | 3,232 |
Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.
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